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Corporate Debt

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  • NEW YORK, Nov 6- Walter Investment Corp, one of the largest U.S. companies that collect home loan payments, said on Thursday that several state regulatory agencies were investigating its business practices, and its shares fell by over 20 percent. The company had met with the working group during the second quarter to discuss "concerns about various loan servicing...

  • NEW YORK, Nov 6- Walter Investment Corp, one of the largest U.S. companies that collect home loan payments, said on Thursday that several state regulatory agencies were investigating its business practices, and its shares fell nearly 19 percent. The company previously met with the working group during the second quarter to discuss "concerns about various loan...

  • NEW YORK, Nov 6- Walgreen filed Thursday for an eight-part US dollar benchmark bond offering, as the company looks to help fund a US $15.3 financing package for its acquisition of Alliance Boots. Active bookrunners on the trade are Bank of America Merrill Lynch, Deutsche Bank, Goldman Sachs and Morgan Stanley. Passive books are HSBC, JP Morgan and Wells Fargo...

  • Walgreen files for eight-part USD benchmark bond Thursday, 6 Nov 2014 | 8:48 AM ET

    NEW YORK, Nov 6- Walgreen filed Thursday for an eight-part US dollar benchmark bond offering, as the company looks to help fund a US $15.3 financing package for its acquisition of Alliance Boots. Active bookrunners on the trade are Bank of America Merrill Lynch, Deutsche Bank, Goldman Sachs and Morgan Stanley. Passive books are HSBC, JP Morgan and Wells Fargo...

  • Nov 6- Government-controlled mortgage finance firm Fannie Mae said on Thursday it will pay U.S. taxpayers $4.0 billion after reporting a quarterly profit that modestly rose from the second quarter. Fannie Mae does not lend money directly, nor does rival financing firm Freddie Mac. Fannie Mae's dividend to the U.S.

  • *EU wants more company financing, Deutsche Bank skeptical. Channeling more money into small companies is seen as crucial for Europe's efforts to avoid economic stagnation because small and medium enterprises provide two out of every three private-sector jobs in the European Union. However, Deutsche Bank co-CEO Juergen Fitschen said that emulating the...

  • SHANGHAI, Nov 6- Shares in China Sinotrans Ltd, one of the country's largest logistics firm, rose over 3 percent on Thursday after it said its operations were unaffected by a report about an alleged financing scam at its sister company. "The Company clarifies that the subject of the media report does not relate to the operations of the Company or any of its...

  • NEW YORK, Nov 4- Capital One Financial Corp said it had received a subpoena from the New York district attorney's office about its subprime auto finance practices. Santander Consumer USA Holdings Inc; Ally Financial Inc; and GM Financial, the in-house financing arm of General Motors Co, have also received subpoenas from various law enforcement authorities and...

  • Ecobank, Standard Chartered, Standard Bank, Investec and the World Bank's International Finance Corporation participated in the loan, IHS chief executive Issam Darwish told Reuters. "This is the largest equity raising by a private entity for the past 7-8 years in Africa-- you've had mining, banks and now telecom infrastructure as a standalone sector is...

  • Nov 2- Altice SA said it made a fully financed offer to buy the Portuguese assets of Portugal Telecom from Oi SA. "These assets comprise the existing business of Portugal Telecom outside of Africa and excludes Portugal Telecom's Rio Forte debt securities, Oi treasury shares and Portugal Telecom financing vehicles," Altice said. It said the offer values the assets...

  • District Judge Katherine Forrest in Manhattan ruled that the evidence failed to support the investors' claims and dismissed the case, a Paramount spokesman said. "We are gratified by the decision," said Robert Lawson, a Paramount spokesman. The investors had been seeking $16 million to $24 million in damages from Paramount, which is owned by Viacom Inc, said James...

  • Oct 30- General Electric Co is in early stage talks to sell its stakes worth more than $1 billion in its South Korean auto-financing and credit card businesses, the Wall Street Journal reported, citing people familiar with the matter. The sale would unwind a partnership that began 10 years ago between GE and Hyundai Motor Co. GE is in talks with Hyundai, which has a...

  • They would resume later in the day if Ukraine and the EU had a firm financing deal in place, Gazprom head Alexei Miller said. There has already been agreement on the price Kiev will pay for gas over the winter, the amount to be supplied and the repayment of some $3.1 billion in unpaid Ukrainian bills but Moscow, which cut off vital pipelines in June as the conflict with...

  • INSIGHT-Sanctions bind Russia's energy elite to Putin Wednesday, 29 Oct 2014 | 2:00 AM ET

    MOSCOW, Oct 29- An offer by Gazprom to help rival Rosneft salvage an Arctic oil project shows how tightly sanctions have bound Russia's political and business elite together in the Ukraine crisis- an unintended consequence of the West's punitive measures. Some Gazprom executives now say this month's little noticed proposal to loan Rosneft a drilling rig was "...

  • BEIJING, Oct 28- Chinese peer-to-peer lender Jimubox, which counts Chinese tech major Xiaomi among its backers, said on Tuesday it plans to raise several hundred million dollars in the next year as it looks to more than triple its lending business to 10 billion yuan. One-year-old Jimubox will have provided 3 billion yuan in online financing by the end of the year,...

  • Oct 24- Ocwen Financial Corp said it was hiring an independent firm to investigate how the mortgage servicer had sent backdated letters to borrowers about loan modifications and foreclosures and the reason for the delay in fixing the issue. Hundreds of thousands of borrowers facing foreclosure may have been harmed after they received letters from Ocwen...

  • SHANGHAI/ HONG KONG, Oct 23- Squeezed between cut-throat competition from online financing firms and rising funding costs, China's midsize banks are falling out of investors' favor as they increasingly lag behind the country's top five lenders. China's five biggest banks are Industrial and Commercial Bank of China Ltd, China Construction Bank Corp,...

  • NEW YORK, Oct 23- GM Financial, the in-house financing arm of General Motors Co, said on Thursday it received subpoenas in September from state attorneys general and other authorities over its subprime auto lending and securitization practices. In July, the auto lender received a subpoena from the U.S. Department of Justice over similar issues.

  • EM debt: Look for countries cutting interest rates  Thursday, 23 Oct 2014 | 3:20 AM ET

    Bryan Carter, emerging market debt strategist at Acadian Asset Management, says he is looking for emerging and frontier markets that are cutting interest rates to invest in.

  • BOSTON, Oct 21- U.S. corporate bond funds this year are adding Treasuries to their holdings at more than twice the rate of corporate debt amid concern that the struggling European economy and potential changes in Federal Reserve policy will drag down profits at U.S. corporations. Through September, corporate bond portfolios boosted their holdings of U.S....